The author views the recent sell-off in SpaceX (SPCX) as a healthy market sign, characterizing the stock as currently overvalued and speculative despite the company's strength. A provided chart shows SPCX trading at $165.37, down 10.61% on the day. The author predicts it is likely that SPCX will drop below its IPO price within the next 12 months as shares unlock and hype diminishes.